Archive for the ‘ Corporate Housing ’ Category

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This year marks the 21st anniversary of AvenueWest Corporate Housing, Inc., an award winning Colorado based business that has shown staying power by finding real estate and lodging solutions for customers in the economic ups and downs of the last 20 years. Founded on the principles of service, quality and choice, AvenueWest Global Franchise now has 16 local real estate franchise brokerages and just launched AvenueWest Canada to further its North American expansion.

 

Lodging Options – Transcend the Hotel

Don’t let your city experience stop when you enter a hotel. Residential Lodging options allow your city experience to transcend the confines of a hotel. #AvenueWest #CorporateHousing

AvenueWest 2013 – Top 50 Real Estate Investment Opinion Makers & Market Leaders.

Personal Real Estate Investor Magazine “Building Wealth Through Property Investment”  this month honored AvenueWest as one of the top leaders in the United States along with HomeVestors and Real Property Management.

Your Vacation Rental Might Be a Corporate Rental If…

http://blog.myvr.com/2013/03/14/corporate-vacation-rentals/

Many of you might wonder if your furnished vacation rental could also be marketed as a corporate rental. It’s a good question and shows you’re thinking about ways to maximize your exposure and income.

Here are some telltale signs that your vacation rental might be a good corporate rental too:

Location, Location, Location:  Is the location of your vacation rental near a large city, big business, hospital, theater, university, or event center? If so, your vacation rental can easily double as a corporate rental. Corporate housing is typically used by traveling business professionals, relocated families, visiting doctors and nurses, and those traveling for medical treatments. The perfect vacation and corporate towns include cities such as Orlando, Las Vegas and Atlanta, which serve as both business meccas and vacation hot spots.  On the flip side, if your rental property is located in a niche ski village or cozy beach town, it’s likely more appealing as a vacation rental.

Seasonal Trends:  Season can often dictate whether your furnished rental property would be more profitable as a corporate or vacation rental. During peak travel seasons in your area, perhaps you can ask a higher rental rate from vacationers. However, if large conference comes to town, like the Consumer Electronic’s Show in Vegas, you might want to reserve the property for a corporate client to maximize your rental income.

Rules and Regulations:  Always consider local laws and regulations when deciding how to market your property. Some cities like Chicago, Austin and New York do not allow for nightly or weekly rentals, which are typical for a vacation period of time. In these cities, consider marketing your property solely as a corporate rental, which typically require a minimum stay of 30 days. Other regulations that might impact how you market your property might include city ordinances and home owner association rules too.

Pain Per Dollar:  If you’re like me, you might want to have a renter stay for at least a month, after all, you know the great effort and investment required to turn over a property between tenants. If you want less “pain per dollar,” consider offering your rental home solely as a corporate rental with a minimum stay of 30 days. This means you’ll be turning the property over less and will have less grief per dollar.

Pre-Bookings:  Vacationers like to book their properties month’s in advance of a stay, which means your property won’t be available to someone who approaches you for a long-term stay. For a corporate rental, we generally recommend booking no more than a month out so you are available to someone for a long-term booking. This is something to consider as you choose between marketing your property as a vacation or corporate rental.

Remember, you don’t have to choose whether to market your property one way or another. You can do both depending on seasonal trends, location and your tolerance for pain (pain per dollar).

To Relocate or Not? Use Furnished Rentals at Both Ends :)

Q. How can you minimize the risks, both financial and personal, of moving for the sake of a job?

A. Temporarily renting a house or apartment in the new area while renting out your existing house, if you own one, is one way to do that, Ms. Ranieri says. It lowers your financial risk and gives you time to learn about the job and the new city before making a long-term commitment. “You can’t really know everything about it until you are living and working there,” she says.

http://www.nytimes.com/2013/03/10/jobs/deciding-to-relocate-involves-more-than-just-the-pay.html

Hottest US Real Estate Market? Washington DC

How hot is Washington, D.C.’s real estate market? Laura Schwartz, a realtor with Keller Williams, recently worked with a luxury high-rise apartment in the Ballston neighborhood of Arlington, Va. Two days after being listed, the property received five offers, and ultimately closed at $15,000 over the asking price.

“Our spring market has taken off quite early,” said Schwartz. “We’ve reached that stable point where we’re out of a buyer’s market.”

The nation’s capital has been a leader when it comes to real estate.

While much of the country’s housing market continues to languish, Washington and the surrounding area have seen tight inventory and price growth in recent months. For particularly competitive listings, even bidding wars have returned.

The D.C. Metro Area, defined as the city of Washington and seven surrounding counties, saw the average sales price rise five percent to $406,555 in December, compared to the previous year, according to research firm RealEstate Business Intelligence LLC (RBI).

Sales totaled 3,169 in December, up 89 percent compared to the previous year, and the total value of homes sold was $1.28 billion, up 12 percent from the previous year.

The federal government’s mass of workers has been a stabilizing factor for the region, providing a base of high-paying jobs. Related industries, such as government contractors, have also kept unemployment down. Tech firms have been growing, as well.

The Washington area had an unemployment rate of 5.5 percent in December 2011, the 36th lowest among 372 metro areas,

http://multihousingpro.com/article.php?AID=710&name=The_hottest_U.S._real_estate_market:_Washington,_D.C

Healthcare Travler?

Did you know there are over 200,000 traveling nurses in the US each year? These individuals find it exciting to travel from city to city – they generally stay in each city for 6 months to a year – they can follow high paying jobs and have fun doing it – if you want to learn more about these corporate housing users I like  Healthcare Traveler http://healthcaretraveler.modernmedicine.com/  This month they talked about ” Tax Tips: Understanding duplication living expenses” and “Celebrating Travelers’ Bucket List” .  If you are interested in traveling for work – take a look and always remember if you need a place to stay… anyone can rent corporate housing – it is the cool place to be, is less expensive then a hotel and offers you all the comforts of home – Call your local corporate housing provider we want to help you find the right housing solution – bottom line… everyone needs corporate housing!  Ask me about it.

Insurance Housing = Corporate Housing

You may have never thought about corporate housing or may have never needed it before but sometimes life can throw you a curve ball and corporate housing can make all the difference.  I live in Denver and this week we lost 23 homes to a fast moving forest fire – when you have just lost everything do you, your family and all your pets want to live in a hotel?  Most people answer “NO”.   Did you know most home insurance will cover temporary housing on a “Like” basis – this means if you were in a house – your temporary lodging when displaced should also be a house – HOWEVER #1 you need to know to ask your insurance carrier and #2 you will need to know where to look.

Tips: Qualify your corporate housing – learn more at http://www.MyCHBO.com or check with the Corporate Housing Providers Association http://www.CHPAonline.org

Ask me if you have a question

AvenueWest Corporate Housing Boston is Now Open

NEWS: Boston.AvenueWest.com is Open-Yes AvenueWest Managed Corporate Housing is now in 5 cities: Boston, Denver, Dallas, Colorado Springs, San Francisco – AvenueWest is a network of locally owned real estate brokerages that manage exclusive fully furnished residential properties available for business and extended travel

Hello world!

Welcome to Furnished Monthly Rentals – yes I do think it is important to capitalize the name as it will have an impact on you at least once during your lifetime – I guarantee it – I am starting to write a book and will be adding stuff to this blog as I go along – please let me know if you have any specific questions you want me to answer in the book and I will see what I can do and if I use your question I will be happy to send you a complimentary copy – I will do my best to keep you informed and give you tips and ideas to make you more successful in life and with your real estate – thanks for joining me on the adventure of Furnished Monthly Rentals…

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